(Kitco News) - Calibre Mining (TSX: CXB) today reported record consolidated quarterly gold production of 59,723 ounces in Q2 2022, an increase of 37% compared to Q2 2021 (43,506 ounces).
The company said that in Q2 2022, its gold production in Nicaragua was 48,810 ounces and production in Nevada was 10,913 ounces.
Importantly, the company noted that with consolidated year-to-date gold production of 111,621 ounces, it is on track to deliver full year guidance of 220,000 - 235,000 ounces.
Calibre also pointed out that its cash position at June 30, 2022 is $92.3 million, or C$0.27 per share, an increase of $15 million from March 31, 2022 and no debt.
President and CEO Darren Hall stated, “I am very pleased with the company’s second quarter performance, delivering a record 59,723 ounces, positioning the company well to deliver its full year guidance of 220,000 - 235,000 ounces.
“Our demonstrated quarter over quarter delivery and continued robust operating cash flows provides the opportunity to self-fund all growth opportunities and reinvest into exciting exploration across all the assets while maintaining a strong treasury.”
He added that during the quarter, the company received the environmental permit to develop and operate the Pavon Central open pit mine.
“With this approval confirmed we provided our robust grade driven and reserve backed multi-year production outlook growing up to 300,000 ounces of gold production in 2024,” he said.
Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua.
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